Bridgemarq Real Estate Services® Announces a Major Franchise Renewal and Enhanced Financial Flexibility Arrangements

TORONTO, Oct. 1, 2026 /CNW/ -- Bridgemarq Real Estate Services Inc. ("Bridgemarq" or the "Company") (TSX: BRE) today announced the renewal of its largest franchise for a further 10-year term and amendments to certain agreements with its senior lender and largest shareholder to enhance the Company's financial flexibility and to support its long-term growth strategy.

Network Updates

Bridgemarq is pleased to announce the successful 10-year renewal of its largest franchise agreement (representing over 1500 REALTORS^®), reinforcing the strength and durability of its franchise network. Following the completion of this renewal, none of the Company's larger franchise agreements are scheduled to expire through the end of 2030.

Enhanced Financial Flexibility

Bridgemarq has reached agreements with its senior lender and Brookfield Business Partners ("Brookfield"), its largest shareholder, that enhance the Company's financial flexibility through December 31, 2028.

Under the amended credit agreement, the Company's senior lender has agreed to provide additional covenant flexibility for Bridgemarq to manage its capital structure and pursue strategic investments while maintaining a disciplined approach to financial management.

For additional details regarding the agreement, please see the amendment which will be filed on SEDAR+.

Bridgemarq has also reached agreement with its largest shareholder to extend the settlement date for previously deferred distributions on their exchangeable units of Residential Income Fund L.P. (a subsidiary of the Company) from October 31, 2026, to December 31, 2028, on an interest-free basis. Brookfield's credit facility has also been extended to the same maturity date.

The Company believes these arrangements, together with the continued support of its senior lender and largest shareholder, provide additional flexibility to invest in the business, pursue growth opportunities and support long-term shareholder value creation.

"The renewal of this important franchise reflects the strength of our brands, the value we provide to our franchise partners and the long-term durability of our network," said Spencer Enright, Chief Executive Officer of Bridgemarq. "We are pleased to have the continuing support of our senior lender and our largest shareholder. These amendments to our agreements provide us with the flexibility to pursue future capital investments and opportunities, and execute Bridgemarq's next phase of growth that will strengthen Bridgemarq for the long term."

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking information and other "forward-looking statements". Words such as "anticipated", "believes", "expected", "growth", "intended", "will", "may" and other expressions that are predictions of or could indicate future events and trends and that do not relate to historical matters identify forward-looking statements.  Forward-looking statements include references to the Company's ability to execute its capital allocation framework (including investing in its business, pursuing strategic investments and growth opportunities and enhancing long-term shareholder value) and increase its financial flexibility, the anticipated continuity of its franchise network and the timing of future franchise agreement expiries, terminations and renewals. Reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those indicated in the forward-looking statements include, but are not limited to: changes in the supply or demand of houses for sale in Canada or in any particular region within Canada, changes in the selling price for houses in Canada or any particular region within Canada, changes in the Company's cash flow, the Company's ability to comply with the covenants and other obligations under its financing arrangements, the availability of cash flow and financing to meet scheduled debt repayments and deferred distribution obligations while funding operations and capital investments, changes in the Company's strategy with respect to and/or ability to pay dividends, changes in the productivity of the Company's REALTORS® or the commissions they charge their customers, changes in government policy, laws or regulations which could reasonably affect the housing markets in Canada or the economy in general, changes to any products or services developed or offered by the Company, consumer response to any changes in the housing markets in Canada or any changes in government policy, laws or regulations, changes in general economic conditions (including interest rates, consumer confidence, inflation and other general economic factors or indicators), changes in global and regional economic growth (including international trade relations, the impact of tariffs, political uncertainty), changes in the demand for and prices of natural resources on local and international markets, the level of residential real estate transactions, competition from other real estate brokers or from discount and/or Internet-based real estate alternatives, the closing of existing real estate brokerage offices, the early termination or non-renewal of franchise agreements, other developments in the residential real estate brokerage industry or the Company that reduce the number of REALTORS® in the Company's network or revenue from the Company's network of REALTORS®, our ability to maintain brand equity through the use of trademarks, the methods used by shareholders or analysts to evaluate the value of the Company and its publicly-traded securities, natural disasters, war or acts of terrorism, changes in tax laws or regulations, and other risks detailed in the Company's annual information form, which is filed with securities commissions and posted on SEDAR+ at www.sedarplus.ca. Forward-looking information is based on various material factors or assumptions, which are based on information currently available to management. Material factors or assumptions that were applied in drawing conclusions or making estimates set out in the forward-looking statements include, but are not limited to: anticipated economic conditions, anticipated impact of government policies, anticipated financial performance, the Company's continued compliance with its amended financing arrangements, the sufficiency of cash flow and available financing to meet scheduled debt repayments and deferred distribution obligations while funding operations and planned capital investments, anticipated market conditions, business prospects, the successful execution of the Company's business and capital allocation strategies and recent regulatory developments. The factors underlying current expectations are dynamic and subject to change. Although the forward-looking statements contained in this release are based upon what management believes are reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

About Bridgemarq Real Estate Services

Bridgemarq is a leading provider of services to residential real estate brokers and a network of approximately 20,000 REALTORS® through its franchise network and corporately owned brokerages. We operate in Canada under the Royal LePage®, Proprio Direct®, Via Capitale®, Johnston & Daniel® and Les Immeubles Mont-Tremblant brands. For more information, go to www.bridgemarq.com.

BRIDGEMARQ® & DESIGN / BRIDGEMARQ REAL ESTATE SERVICES® and JOHNSTON & DANIEL® are registered trademarks of Residential Income Fund L.P. and are used under licence. ROYAL LEPAGE® is a registered trademark of Royal Bank of Canada and is used under licence. VIA CAPITALE® is a registered trademark of 9120 Real Estate Network L.P. and is used under licence. PROPRIO DIRECT® is a registered trademark of Proprio Direct Inc. and is used under licence.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.

SOURCE Bridgemarq Real Estate Services Inc.

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